The pub estate is heavily weighted towards the City and the West End in London and improved footfall here could drive the sort of like-for-like sales growth capable of driving profits back to, and then above, pre-pandemic levels.
Questor says: hold
Ticker: FSTA
Share price at close: £7.04
Update: Standard Chartered
Fresh allegations from whistleblowers concerning sanctions-busting, money laundering and poor internal controls at Standard Chartered will be a source of concern, not to say frustration, for shareholders, even though the bank’s management team dismisses them as baseless.
The share price could remain subdued as any potential legal process plays out, but we shall sit tight for now pending…